Analysts Expect Identiv, Inc. (NASDAQ:INVE) to Announce -$0.02 EPS

Wall Street brokerages expect Identiv, Inc. (NASDAQ:INVEGet Rating) to announce earnings per share (EPS) of ($0.02) for the current quarter, Zacks reports. Two analysts have made estimates for Identiv’s earnings, with estimates ranging from ($0.05) to $0.01. Identiv posted earnings per share of ($0.01) during the same quarter last year, which suggests a negative year over year growth rate of 100%. The company is scheduled to issue its next earnings results on Monday, January 1st.

According to Zacks, analysts expect that Identiv will report full year earnings of $0.10 per share for the current year, with EPS estimates ranging from $0.08 to $0.11. For the next year, analysts forecast that the firm will post earnings of $0.41 per share, with EPS estimates ranging from $0.35 to $0.46. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research firms that cover Identiv.

Identiv (NASDAQ:INVEGet Rating) last posted its quarterly earnings data on Wednesday, March 2nd. The technology company reported ($0.10) EPS for the quarter, missing the consensus estimate of $0.03 by ($0.13). The firm had revenue of $28.52 million during the quarter, compared to analysts’ expectations of $28.45 million. Identiv had a net margin of 1.96% and a return on equity of 1.93%. During the same quarter in the previous year, the company posted ($0.05) EPS.

A number of analysts have recently weighed in on INVE shares. StockNews.com upgraded shares of Identiv from a “sell” rating to a “hold” rating in a report on Monday, April 4th. Zacks Investment Research downgraded shares of Identiv from a “buy” rating to a “hold” rating in a research note on Tuesday, May 10th. B. Riley reduced their price target on shares of Identiv from $31.00 to $23.00 and set a “buy” rating for the company in a research report on Thursday, April 14th. Finally, Craig Hallum initiated coverage on shares of Identiv in a report on Monday, April 25th. They issued a “buy” rating and a $20.00 target price on the stock. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Identiv presently has a consensus rating of “Buy” and an average price target of $20.25.

In other news, major shareholder Lp Bleichroeder purchased 3,301 shares of the business’s stock in a transaction that occurred on Monday, May 9th. The shares were bought at an average cost of $11.75 per share, for a total transaction of $38,786.75. Following the acquisition, the insider now owns 2,594,008 shares of the company’s stock, valued at approximately $30,479,594. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Gary Kremen sold 22,838 shares of the business’s stock in a transaction dated Thursday, March 3rd. The shares were sold at an average price of $18.59, for a total transaction of $424,558.42. The disclosure for this sale can be found here. Over the last 90 days, insiders bought 287,847 shares of company stock worth $3,873,982. Insiders own 5.20% of the company’s stock.

A number of institutional investors have recently modified their holdings of the business. Dorsey Wright & Associates boosted its holdings in Identiv by 15.7% during the fourth quarter. Dorsey Wright & Associates now owns 4,534 shares of the technology company’s stock worth $128,000 after buying an additional 616 shares in the last quarter. Deutsche Bank AG boosted its holdings in Identiv by 5.2% during the fourth quarter. Deutsche Bank AG now owns 14,076 shares of the technology company’s stock worth $396,000 after buying an additional 690 shares in the last quarter. BNP Paribas Arbitrage SA boosted its holdings in Identiv by 19.9% during the fourth quarter. BNP Paribas Arbitrage SA now owns 4,557 shares of the technology company’s stock worth $128,000 after buying an additional 757 shares in the last quarter. Royal Bank of Canada boosted its holdings in Identiv by 47.7% during the second quarter. Royal Bank of Canada now owns 2,415 shares of the technology company’s stock worth $41,000 after buying an additional 780 shares in the last quarter. Finally, Rhumbline Advisers boosted its holdings in Identiv by 9.6% during the fourth quarter. Rhumbline Advisers now owns 16,390 shares of the technology company’s stock worth $461,000 after buying an additional 1,437 shares in the last quarter. Institutional investors and hedge funds own 65.26% of the company’s stock.

INVE opened at $11.35 on Friday. The business’s fifty day simple moving average is $13.77 and its 200 day simple moving average is $18.97. Identiv has a 52 week low of $10.95 and a 52 week high of $29.00. The stock has a market cap of $253.50 million, a PE ratio of 567.50 and a beta of 1.71.

About Identiv (Get Rating)

Identiv, Inc operates as a security technology company that secures things, data, and physical places in the Americas, Europe, the Middle East, and the Asia-Pacific. The company operates in two segments, Identity and Premises. The Identity segment offers products and solutions that enables secure access to information serving the logical access and cyber security markets, as well as protecting connected objects and information using radio-frequency identification embedded security.

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Earnings History and Estimates for Identiv (NASDAQ:INVE)

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